Free Republic

Just because the government raises taxes, doesn’t necessarily mean it will raise more revenues. The Biden administration is discovering that the hard way. In August 2022, President Joe Biden signed the misnamed Inflation Reduction Act into law, which included a new tax on companies’ financial statement income, new IRS funding to increase audits, an excise tax on stock buybacks, and more taxes on natural gas, oil, and coal. To top it off, certain Trump administration business tax cuts simultaneously have been phasing out. On paper, that adds up to more than $60 billion in tax hikes in 2023. Yet, as...

Following a slowly growing national movement, Pennsylvania may be ready to try the idea of charging drivers a mileage-based fee to make up millions in transportation revenue lost to more fuel-efficient hybrid and electric cars. Melissa J. Batula, the Pennsylvania Department of Transportation’s acting executive deputy secretary, said the department is working with the General Assembly to draft legislation establishing fees for those who pay little or nothing toward road maintenance. That’s because the state gets about 75% of its road money from the gasoline tax. A commission appointed last year by Gov. Tom Wolf recommended a series of steps...

Tacoma Narrows Bridge tolls will be reduced by 75 cents beginning in September, with the intent that they remain at that rate until the span is paid off in 10 years. The decrease is the result of Substitute Senate Bill 5488, which requires transfers of $3.25 million from the general fund to the toll bridge account each quarter until June 2032, for a total of $130 million. After the House changed the bill on Saturday, the Senate had to concur on Thursday, which sponsor Sen. Emily Randall, D-Bremerton, said it would. Rates — currently set at $5.25 with a Good...

SAN ANTONIO — Bexar County leaders will study whether Elon Musk's Boring Co. can drill a 9-mile tunnel where automated Teslas would ferry people between the airport and downtown. Alamo Regional Mobility Authority (RMA) board members voted Wednesday to negotiate a project plan with the billionaire's company. "The board has continually sought innovative ways to finance transportation projects to ensure a bright future for the community in a way that bridges technology and accelerates the delivery of needed projects," chairman Mike Lynd said in a statement. "Today's board action is the first of many discussions," he added. Musk's company already...

The federal government collected a record $4,045,979,000,000 in taxes in fiscal 2021. In FY 2017 the Federal government collected $3.3 Trillion. This means that after Trump and the Republicans passed the tax rate cuts that went into effect in 2018, revenues up over $700 billion per year after 3 years. So why do most journalists and other Democrats keep claiming that Trump’s tax cuts cost the government trillions of dollars? They intentionally mislead the public because that is clearly false. Why do they continue to use the CBO’s predictions instead of actual numbers? T0he tax cuts that cost the government...

With commercial traffic returning to pre-pandemic levels, the Pennsylvania Turnpike is increasing its spending on road improvements by nearly $200 million for the fiscal year that begins June 1. The turnpike commission Tuesday approved the capital spending increase to $660 million for the new year along with passing an operating budget of $417.3 million, about 2% lower than the current spending plan. Last year, the agency cut its capital spending from $606 million to $468 million as a result of losing more than $250 million in tolls due to reduced travel during the pandemic. Turnpike CEO Mark Compton said in...

The Louisiana Legislature voted overwhelmingly Thursday to move approximately $300 million annually from a fund that pays for higher education and health care to a fund that pays for large transportation projects. Supporters have said the spending will not only improve the state’s infrastructure system, but that it will also create construction jobs. Critics are concerned the proposal would exacerbate an already expected budget deficit in July 2025 affecting state universities, hospitals and other health care programs. Gov. John Bel Edwards needs to sign the legislation for it to become law. Edwards hasn’t decided if he approves of the bill...

Nowadays, the government needs more than gasoline taxes to fund its vast mission to expand, replace and preserve transportation routes in Washington state. Legislators have drawn up a menu of 33 tax and fee increases under the proposed 16-year Forward Washington plan, updated last week by Senate Transportation Committee Chair Steve Hobbs, D-Lake Stevens. That way, perhaps no single cost will provoke enough public fury to torpedo the plan. “Nobody likes to be taxed, but we also want to make this fair as we spread it across different sectors,” Hobbs said Friday. His approach holds direct gas-tax hikes to 9.8...

$3.4 billion. That’s how much bad roads and congestion in North Carolina costs its drivers in higher vehicle ownership costs, according to a report commissioned by the North Carolina Department of Transportation. Fixing those roads—as well as repairing and replacing bridges, building new highways and any other large projects the N.C. DOT has on its schedule—takes money, and lots of it. Steve Abbott, a spokesperson for the N.C. DOT, said that to bring every bridge in the state to “good” condition would cost $3.8 billion, roughly 71 percent of the department’s $5.3 billion budget for the year. “As of now,...

The battle is on, as President Biden pushes a raft of tax hikes to pay for roads, bridges, green energy, and expansive new social programs. His plans are generally popular—but nobody wants to be the one footing the bill. Business groups argue that instead of raising corporate taxes to pay for infrastructure, as Biden wants to do, the government should rely on user fees such as tolls and dedicated taxes, so that people getting the benefit of the new asset bear the cost. Higher corporate taxes can depress investing, send US companies overseas and trigger aggressive tax avoidance. Douglas Holtz-Eakin,...

The Great Bend-Hallstead exit (230) off Interstate 81 in Susquehanna County is due for repair in the next few years and PennDOT has proposed installing an electronic toll, that would use E-ZPass or pay-by-plate collection for drivers who pass through the area. The funds collected would be used to pay for the construction, maintenance, and operation of that bridge. We spoke with several people who use this section of highway about the proposed idea. "I guess to raise taxes to everybody is really hard, so I guess for the people using the road, then maybe that's a good idea," said...

Dive Brief: Skanska USA Civil Southeast has turned to the federal courts in an attempt to eliminate or significantly reduce its liability for damages caused by barges that broke loose from the $430 million Pensacola Bay Bridge construction project during Hurricane Sally in August by having its barges recognized as vessels protected under maritime law. In five separate filings each covering a different barge, Skanska asked the U.S. District Court in Pensacola, Florida, to declare that it is not liable "for any loss, injuries or damages" related to barge damage, including economic losses suffered by businesses from the closure of...

Harris County Commissioners approved a restructuring of how county toll road revenue can be used, which is concerning some people in northwest Harris County about how road projects will be funded. The measure approved creates a corporation to oversee duties performed by the Harris County Toll Road Authority. According to HCTRA, this measure would also change the grip the state has on where toll revenue can be spent by the county. A memo from Peter Key, HCTRA’s interim executive director, said HCTRA currently can only provide the issuance of revenue bonds for tolled infrastructure, and not non-toll transportation infrastructure challenges....

With the Texas House Committee on Transportation currently studying the funding of highways in Texas, advocates of toll roads and other funding methods are making their voices heard. As part of the interim charge by Speaker Dennis Bonnen, the committee was tasked with investigating whether “the current mix of use fee-based funding for the state highway system, including registration fees, tolls, and fuel taxes, and [determining] if current funding generated is sufficient to maintain cost demands” — making recommendations for additional methods for funding road infrastructure projects. Ordinarily, the committee would hold meetings and receive testimony from relevant state agencies...

HOUSTON, Texas (KTRK) -- The SH-288 toll lanes are open and you'll have to pay to use them starting today. Until now, the fees had been waived. Adjustable pricing is based on time of day and volume of traffic. In other words, if the lanes get too congested, toll prices will increase to control traffic. "I think you have to realize that the tolls will be managed based on time of day. If you're in the tolls during peak, it will cost a little more. If you're driving off peak, it will be less. And that's how they're designed," said...

WESTERN SPRINGS, IL — Western Springs and Hinsdale appeared to have found agreement on the style of the new pedestrian bridge over Interstate 294. This week, the Western Springs Village Board received more detailed numbers on the village's cost of maintenance for the bridge, which would be next to 47th Street. Western Springs was told a couple of months ago that its costs would amount up to $250,000 in 25 years to repaint the entire bridge with a painted finish, plus $60,000 for picket-style fencing. But Illinois Tollway official Nicole Nutter told the Western Springs Village Board on Monday that...

“Be careful what you wish for. You might get it” said the proverbial Aesop (260 B.C.) in one of his ancient Greek fables. Something like this is playing out with the California Legislature that is getting just what it said it wanted when it passed the Global Warming Solutions Act of 2006 in Assembly Bill 32, which created the state’s Cap and Trade Program to reduce greenhouse gas emissions (GHG’s) from polluting industries. But lawmakers are just now learning that if you run out of emissions, you run out of revenues. Due to the government-created coronavirus business shutdowns, California’s greenhouse...

Another sudden and unexpected factor will transform this year’s elections. Many states, cities and counties are about to, suddenly, run out of money. Wages won’t be paid. Services won’t be delivered. Institutions will shut down abruptly. Many state colleges may fold. And yet most state and local political and administrative leaders just sit and watch. Voters will not be pleased. Millions of American workers filed for unemployment insurance during the past two weeks. That is a record and represents a collapse of our local economies. Across the country, in every state, county and city, businesses have been shut down, and...

New analysis of projected provincial gas tax revenues in Ontario has revealed that that source of provincial funding will fall much more dramatically than predicted just five years ago due to increased use of electric vehicles and other factors. And so, concludes Trent University professor emeritus Harry Kitchen in a new report titled Ontario’s Downward Trend for Fuel Revenue: Will Road Pricing Fill the Gap?, the provincial government must look for other sources of revenues to build transportation infrastructure. Kitchen recommends road pricing, such as tolls and HOT lanes, with funds raised earmarked for future transportation improvements, and dynamic parking...

Collecting tolls in Hampton Roads is a $180-million-a-year business — nearly twice the size of the region’s fishing and farming sectors combined — and is set to grow. Much of that money goes to finance a private venture’s $1.5 billion expansion of the road and tunnel network connecting Norfolk and Portsmouth. A somewhat smaller amount goes to the public body that’s spending nearly $800 million to dig a parallel tunnel for the 55-year-old, 23-mile Chesapeake Bay Bridge Tunnel. A much smaller part goes to keep the Coleman Bridge over the York River in shape, and to pay off the cost...